DSIT Announces the Award of Additional New Projects
Givat Shmuel, Israel ( April 3, 2008)
Givat Shmuel, Israel – April 3, 2008 DSIT today announced that it has been awarded new development and production projects at a total value of approximately US $900,000. One of the projects is an order by a large European customer for a sonar and acoustic subsystem. The others are wireless communications projects for major defense contractors.
Commenting on the project awards, Benny Sela, CEO of DSIT, stated: “These projects give us the opportunity to leverage the unique expertise that we have acquired in previous development of these subsystems. These projects, which are being conducted for customers we have worked with in the past, clearly reflect the satisfaction of our customers who continue to return to us.” Mr. Sela added that there is potential for additional business for these subsystems from these customers.
Dan Ben-Dov, DSIT’s VP Sales & Marketing, remarked: “DSIT is proud of its leadership position in the development of advanced sonar and acoustic systems involving signal acquisition and processing, for underwater site security and in sonar training. We believe that this market has tremendous potential for growth.”